The 20% discount means $500 flight is 40k points, ie 1.25 cpp. That makes the 75% boost worth 3.275% everywhere and 4.375% on the travel and dining cats.

If someone is willing to value the credits at face value, and is willing to book airfare through a travel portal, then the net annual fee of $100 is worth it for someone redeeming 40k points per year. This will be a great card for someone who only wants one card and is willing to book through BofA travel portal… I don’t know if that’s any good however.

I’m betting this won’t catch on much in this community given all the disadvantages of non-direct bookings during irrops